Central Florida Real Estate Recap of FEBRUARY 2026

State of the Market

• February’s interest rate was recorded at 5.9% – down slightly from 6.0% in January.
  
  • This is the first time interest rates fell into the 5.0%-range since September 2024.
• Homes spent an average of 83 days on the market (DOM) in February – up from 81 in January.
  
  • This is the highest DOM since February 2015.
• Overall sales rose by 15.5% from January to February. There were 1,634 sales in January and 1,888 sales in February.
• Pending sales rose 13.8%, with 4,001 in February compared to 3,515 in January.
• New listings fell 4.5% from January to February, with 3,678 new homes on the market in February, compared to 3,852 in January.
• Inventory for February was recorded at 11,975, up 2.0% from January, when inventory was recorded at 11,741.
• The median home price for February was recorded at $375,000, up 1.4% from January’s median home price of $370,000.
• “After several years of elevated borrowing costs, seeing interest rates dip into the 5.0%- range again is an encouraging signal for buyers,” said Chris Atwell, 2026 president of the Orlando Regional REALTOR® Association. “When you combine lower rates with homes spending more time on the market, buyers have more leverage than they’ve had in years. This environment fosters opportunities to negotiate on price, request seller-paid closing costs, and ultimately find the right home at a pace and structure that gives buyers confidence in their decision. Conversely, a downward trajectory of mortgage rates will likely bring more buyers activating into the market as housing becomes more attainable. Increased demand with similar supply eventually shifts the advantage back to the sellers.”

Inventory

• Orlando area inventory rose 2.0% from January to February. Inventory in January was 11,741, and inventory in February was 11,975.
• The supply of homes fell to 6.34 months in February, down 11.7% from 7.19 months in January. A balanced market is six months of supply.
  
  • In February 2025, there was a 6.76-month supply of homes on the market.
• The number of new listings decreased from January to February by 4.5% – from 3,852 homes to 3,678 homes.

Sales Snapshot

• 1,476 single-family homes sold in February, up 14.6% from 1,288 sales in January. The median home price was $410,000.
  
  • There were 1,458 single-family homes sold in February 2025.
• 237 condos sold in February, up 28.8% from 184 sales in January. The median home price was $190,000.
  
  • There were 204 condos sold in February 2025.
• 175 townhouses/villas sold in February, up 8.0% from 162 sales in January. The median home price was $305,000.
  
  • There were 175 townhouses/villas sold in February 2025.
• 22 distressed homes (bank-owned properties and short sales) accounted for 1.2% of all home sales in February. This is a 37.1% decrease from January, when 35 distressed homes sold.

Year over Year Changes 

 Courtesy of Orlando Regional Realtor Association

Homes for Sale in Davenport FL

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$199,000

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1144 Deer Creek Boulevard, DAVENPORT

1 Bed 2 Baths 364 SqFt Residential MLS® # O6339770

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221 Prather Drive, DAVENPORT

2 Beds 2 Baths 1,435 SqFt Residential MLS® # O6334475

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